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These are the best gold investing strategies right now, experts say
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Gold is making headlines in 2024, as the spot price of gold hit several record milestones in March, April and May. Most notably, gold’s price peaked at a record $2,435 per ounce on May 20. The price of gold then adjusted slightly, but subsequently hit yet another record price this week when it climbed above $2,472 per ounce. Today’s gold price (as of July 18, 2024) is just slightly lower at about $2,468 per ounce.
Not surprisingly, gold’s strong performance has generated considerable interest from investors looking to capitalize on the recent pricing trend as well as long-standing gold benefits like hedging against inflation. Gold is also an excellent investment option if you’re looking to diversify your portfolio with a highly liquid asset.
Before investing in gold, it’s important to have the right strategy in place. As you might expect, there are several gold investing options and tactics to consider.
Compare your top gold investing options online now.
These are the best gold investing strategies right now, experts say
Here’s a breakdown of some popular gold investing strategies, according to experts.
Buy gold coins
Many gold investors like the security of owning the physical gold itself. You can buy gold coins at reputable gold dealers, but expect to pay a markup on the price. That’s why you might see two different prices for two coins of the same size and gold consistency.
Gold coins come in bullion or numismatic form, and their difference lies in their intrinsic value. Bullion coins are valued based on their gold content, while numismatic coins are collectibles valued for their rarity and other factors.
Many experts do not recommend numismatic coins as an investment, namely because of the added variables that contribute to their value. However, the experts we spoke with believe bullion gold coins are a good investment.
“Bullion gold coins, I think, are a terrific investment and, in fact, are a superior investment choice to bars,” says Brandon Thor, CEO at Thor Metals Group. “Bullion means gold that derives its value solely from its weight, purity, quality, and supply and demand market. Coins are produced by countries or government mints while bars are generally produced by private manufacturers.”
Thor notes that government-minted gold coins like the American Eagle (U.S.) or Canadian Maple Leaf (Royal Canadian Mint) are universally recognized and produced in limited supply, both of which drive up their demand.
Get started with adding gold to your investment portfolio now.
Invest in gold ETFs and mutual funds
Gold exchange-traded funds (ETFs) and mutual funds are a common entry point for many new gold investors, but seasoned investors take advantage of them for the unique benefits they add to their portfolios. A gold ETF is an asset fund that holds gold assets like bullion or gold mining company stocks. Gold mutual funds also own gold assets in their portfolios.
As Kenny Zhu, an income research analyst at Global X, notes, “Gold ETFs and mutual funds can be attractive options for aspiring gold investors. They offer a level of liquidity and tradeability unmatched by physical gold.”
As Zhu points out, not all ETFs and mutual funds are the same.
“While some funds offer exposure to spot gold prices, other funds can introduce leverage in the form of futures contracts or exposure to gold miners. In particular, gold miner [and] explorer ETFs can be attractive investment options for investors, as they provide leveraged exposure to the source of production and can outpace spot prices significantly in performance,” Zhu says.
Open a gold IRA
Gold investors often point to gold’s reputation for hedging against inflation and safety from global turmoil as reasons for investing in the yellow metal. Those benefits can also be beneficial to a long-term investment such as a retirement account. A gold individual retirement account (IRA) can help to diversify your retirement portfolio and grow your money while deferring taxes. These accounts work much like traditional IRAs, but hold physical metal.
Keep in mind, however, gold IRA investors must follow specific IRS regulations and processes to include gold in their accounts.
“Any pre-tax investment is worth checking, so I think it is worth it,” says Luciano Duque, chief investment officer of C3 Bullion. “It can certainly become the gold allocation of a portfolio. What I don’t like is that it’s a bit cumbersome because the investor needs to deal with a gold dealer, a custodian, and a depository. As such, the investor cannot simply buy gold bars and take it to the IRA account—it requires a special procedure.”
Gold IRA companies can guide you through the process, but do your homework to make sure you’re working with a reputable dealer.
The bottom line
Deciding the best gold investment path will likely come down to the benefits you’re seeking. If you’re looking for the security of a tangible asset, gold bullion coins may be an excellent option. On the other hand, you may prefer gold ETFs and mutual funds for easy exposure to gold investments without the need for physical storage. Finally, adding a gold IRA to diversify your retirement portfolio may be a smart gold investment strategy for tax-advantaged growth.
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How to watch the Minnesota Vikings vs. Chicago Bears NFL game today: Livestream options, more
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The Minnesota Vikings will take on the Chicago Bears today. The Vikings are currently 8-2, an impressive run so far this season, and will be looking to add a fourth win to their current streak after last Sunday’s 23-13 win against the Tennessee Titans. The Bears, on the other hand, are entering this game on the heels of a four-game losing streak after a tough 20-19 loss against the Green Bay Packers last Sunday.
Here’s how and when you can watch the Vikings vs. Bears game today, whether or not you have cable.
How and when to watch the Minnesota Vikings vs. Chicago Bears
The Vikings vs. Bears game will be played on Sunday, November 24, 2024 at 1:00 p.m. ET (11:00 a.m. PT). The game will air on Fox and stream on Fubo and the platforms featured below.
How and when to watch the Minnesota Vikings vs. Chicago Bears game without cable
You can watch this week’s NFL game on Fox via several streaming services. All you need is an internet connection and one of the top options outlined below.
Fubo offers you an easy, user-friendly way to watch NFL games on CBS, Fox, NBC, ABC, ESPN, and NFL Network, plus NCAA football channels. The Pro tier includes 200+ channels and unlimited DVR, while the Elite with Sports Plus tier adds NFL RedZone and 4K resolution. New subscribers get a seven-day free trial and all plans allow streaming on up to 10 screens simultaneously.
You can watch today’s game with a subscription to Sling’s Orange + Blue tier, which includes ESPN, ABC, NBC, and Fox. The plan offers 46 channels with local NFL games, nationally broadcast games and 50 hours of DVR storage. For complete NFL coverage, add Paramount+ to get CBS games, or upgrade with the Sports Extra add-on for additional sports channels like Golf Channel, NBA TV and NFL RedZone.
Watching NFL games, including Fox broadcasts, is simple with Hulu + Live TV, which includes 90 channels, unlimited DVR storage, and access to NFL preseason games, live regular season games and studio shows. The service includes ESPN+ and Disney+ in the subscription.
Want to watch today’s game live on your smartphone? If so, NFL+ streaming service is the solution you’re looking for. It lets you watch NFL Network and out-of-market games on mobile devices, with an upgrade option to NFL+ Premium that includes NFL RedZone for watching up to eight games simultaneously. Note that NFL+ only works on phones and tablets, not TVs.
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How to watch the Detroit Lions vs. Indianapolis Colts NFL game today: Livestream options, more
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The Detroit Lions will face off against the Indianapolis Colts today. The Lions enter this game as top contenders with a near-perfect record of 9-1 so far this season. The Colts, who are 5-6 this season, could have a tough game on their hands against the Lions but will be looking to rack up another win after prevailing over the New York Jets in a tight game last Sunday.
Here’s how and when you can watch the Colts vs. Lions game today, whether or not you have cable.
Here’s how and when to watch the Detroit Lions vs. Indianapolis Colts
The Lions vs. Colts game will be played on Sunday, November 24, 2024 at 1:00 p.m. ET (11:00 a.m. PT). The game will air on Fox and stream on Fubo and the platforms featured below.
How and when to watch the Detroit Lions vs. Indianapolis Colts game without cable
You can watch this week’s NFL game on Fox via several streaming services. All you need is an internet connection and one of the top options outlined below.
Experience NFL action like never before with Fubo’s comprehensive sports streaming platform. From Sunday showdowns to primetime matchups, catch every NFL game across major networks including CBS, Fox, NBC, ABC, ESPN and NFL Network. Choose the Pro package to unlock 200+ channels and limitless DVR storage, or elevate your game-day experience with the Elite with Sports Plus package, featuring NFL RedZone’s commercial-free scoring highlights and stunning 4K quality.
Test drive the service with a no-commitment seven-day free trial, and share the excitement with family and friends — Fubo supports simultaneous streaming on up to 10 devices, so everyone can watch their favorite teams.
You can watch today’s game with a subscription to Sling’s Orange + Blue tier, which includes ESPN, ABC, NBC, and Fox. The plan offers 46 channels with local NFL games, nationally broadcast games, and 50 hours of DVR storage. For complete NFL coverage, add Paramount+ to get CBS games, or upgrade with the Sports Extra add-on for additional sports channels like Golf Channel, NBA TV and NFL RedZone.
Watching NFL games, including Fox broadcasts, is simple with Hulu + Live TV, which includes 90 channels, unlimited DVR storage, and access to NFL preseason games, live regular season games and studio shows. The service includes ESPN+ and Disney+ in the subscription.
Want to watch today’s game live on your smartphone? If so, NFL+ streaming service is the solution you’re looking for. It lets you watch NFL Network and out-of-market games on mobile devices, with an upgrade option to NFL+ Premium that includes NFL RedZone for watching up to eight games simultaneously. Note that NFL+ only works on phones and tablets, not TVs.
CBS News
How to watch the New England Patriots vs. Miami Dolphins NFL game today: Livestream options, more
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The New England Patriots will face off against the Miami Dolphins in a game today at the Hard Rock Stadium in Miami. The Patriots have had an uneven season so far, coming into the game with a record of 3-8, including a 28-22 loss to the Los Angeles Rams on November 17. The Dolphins, however, haven’t fared much better this season as they enter the game with a record of 4-6, although they are coming off two wins in a row, the latest against the Las Vegas Raiders last weekend.
Keep reading to find out how and when to watch the New England Patriots vs. Miami Dolphins game today, even without cable.
CBS, Paramount+ and CBS Essentials are all subsidiaries of Paramount Global.
How and when to watch the New England Patriots vs. Miami Dolphins game today
The New England Patriots vs. Miami Dolphins game will be played on Sunday, November 24, 2024 at 1:00 p.m. ET (10:00 a.m. PT). The football game will be shown on CBS and streamed on Paramount+ and the platforms noted below.
How and when to watch the New England Patriots vs. Miami Dolphins game without cable
While CBS is available with many basic cable packages, you’ll have other viewing options, too for the Patriots-Dolphins game. Just understand that the below streaming options will require the use of an internet provider:
Paramount+: Watch CBS-aired NFL games without cable
With Paramount+ you’ll have multiple viewing options to choose from. You can catch NFL games on the Paramount+ Essential tier for just $7.99 each month or you can watch college football with a Paramount+ with Showtime subscription for $12.99 monthly. In addition to live streams of NFL games airing on CBS, you’ll get to watch additional live sporting events including NCAA college football, PGA Tour golf, soccer and more.
Get started with Paramount+ here today.
Amazon Prime Video: Add Paramount+ to your existing subscription
Already have an Amazon Prime Video account? Simply add Paramount+ to your current subscription to watch all the CBS-aired NFL games in addition to Paramount+ originals. The same prices from above apply, depending on which tier you choose. Not sure which is best for you? Don’t worry. Both options come with a free seven-day trial that can help you decide.
Watch the Patriots-Dolphins game on Amazon Prime Video.
Fubo: Watch the Patriots-Dolphins game for free
Looking for an inexpensive way to watch football? Fubo could be the best way to do so. The live TV streamer is currently offering a seven-day free trial and $30 off of your first month’s subscription. Once subscribed, you’ll gain access to all of their live sporting events immediately. And there will be a lot to choose from. Not only does Fubo come with access to NFL games airing on your local CBS channel, it also includes Fox Sunday NFC games, “Sunday Night Football” on NBC, “Monday Night Football” on ABC and ESPN and all of the games that air on the NFL Network. So don’t wait.
Get started with Fubo online now.
How to watch the Minnesota Vikings vs. Chicago Bears NFL game today: Livestream options, more
How to watch the Detroit Lions vs. Indianapolis Colts NFL game today: Livestream options, more
How to watch the New England Patriots vs. Miami Dolphins NFL game today: Livestream options, more
How to watch the Minnesota Vikings vs. Chicago Bears NFL game today: Livestream options, more
How to watch the Detroit Lions vs. Indianapolis Colts NFL game today: Livestream options, more